Practical analysis for investment professionals

Philosophy


Equity and Bond Correlations: Higher Than Assumed?

What correlations should we trust? Those based on daily or monthly return data?

The Debt Ceiling: A Nation Divided and Indebted Cannot Stand

The current debt ceiling debate reveals a painful reality that the United States must confront.

Top 10 Posts from 2022: Fama and French, Damodaran, the Equity Risk Premium

In a wild year for markets and investing, what EI content most resonated with readers?

The Six Stages of Asset Bubbles: The Crypto Crash

Investors can protect themselves from the next bubble by recognizing the trajectory that most follow.

Evaluating Benchmark Misfit Risk

How can we identify and measure a portfolio's benchmark misfit risk?

Frontier and Emerging Markets: Inflection Points

Should we be adjusting our allocations to emerging or frontier markets?

FTX: Crypto Is the Cure, Not the Cause

The FTX fiasco has more to do with fractional reserve banking than it does with crypto.

How Goals-Based Portfolio Theory Came to Be

Investing is never done in the abstract. Investing is — and always has been — goals-based.

Does Artificial Intelligence Steal Human Jobs?

Should we be worried about the jobs that might be lost to machines?

Book Review: Investing in the Era of Climate Change

Bruce Usher identifies both what the implications of climate change are for the investment community and how investment capital allows us “to save us from ourselves.”